Charles Schwab Investment Management Inc. Acquires 24,070 Shares of Trimble Inc. (NASDAQ:TRMB)

Charles Schwab Investment Management Inc. increased its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,080,628 shares of the scientific and technical instruments company's stock after purchasing an additional 24,070 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.85% of Trimble worth $147,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company's stock valued at $364,984,000 after purchasing an additional 39,069 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company's stock valued at $337,934,000 after buying an additional 1,594,732 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company's stock worth $169,978,000 after acquiring an additional 434,065 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Trimble by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after acquiring an additional 136,452 shares in the last quarter. Finally, Barclays PLC increased its stake in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock valued at $46,151,000 after acquiring an additional 30,457 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

TRMB has been the subject of several recent analyst reports. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Piper Sandler reissued an "overweight" rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Sanford C. Bernstein increased their target price on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trimble currently has an average rating of "Buy" and a consensus price target of $86.00.

Trimble Trading Down 0.0 %

Shares of TRMB traded down $0.02 during trading hours on Tuesday, hitting $66.49. 2,221,238 shares of the stock were exchanged, compared to its average volume of 1,304,281. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The business has a 50-day moving average of $72.86 and a 200-day moving average of $67.71. The firm has a market capitalization of $16.34 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Insider Buying and Selling at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by insiders.

Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.